CATL has overtaken LG Energy Solution as the top supplier of battery cells for new electric cars in the first quarter of 2021, according to newly released statistics. CATL sold battery cells with a total capacity of 13.3 GWh in the first three months of the year.
The comparison is based on an evaluation by the Canadian consulting firm Adamas Intelligence. Their ‘EV Battery Capacity and Battery Metals Tracker’ reveals that CATL sold battery cells with a total capacity of 13.3 GWh to car manufacturers worldwide between January and March 2021. LG Energy Solution followed in second and third place with 11.9 GWh and Tesla partner Panasonic with 9.1 GWh.
CATL had secured the lead with a strong January performance, according to Adamas Intelligence. LGES was ahead of CATL in both February and March. Nevertheless, CATL overtook the South Korean company in the overall quarterly view.
CATL’s major strength is its home market China. Statistics from Adamas Intelligence show that CATL provided more GWh in the first quarter “than the next 32 cell suppliers combined”. In absolute terms: 10.6 GWh for the passenger car market. Add to that 0.9 GWh for the commercial and special vehicle market.
The consultancy expects CATL to maintain its dominance in China in the coming months and estimates that emerging Chinese cell manufacturers CALB and Gotion will also establish themselves among the top five in China “before challenging Samsung SDI and SK Innovation place among the top five globally as well”.
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